November 2, 2011
On privatizing social security…
A question: if Barack Obama can use taxpayer money to invest in risky private sector investments – like all of these fraudulent, phony, there-is-no-business-there green energy loans – if Obama can do that – if he can use taxpayer money to invest in risky private sector investments that go belly-up – shouldn’t we be able to put our retirement money in a safer place than Washington? I personally, I don’t mind risking my money on investments I trust. What I don’t like is other people risking my money on investments only a fool would trust. Privatizing a portion of social security is an argument that’s always out there. And anytime somebody brings it up seriously within the realm of politics they get shot down as “third rail, can’t do that,” and of course look at how it’s demagogued. How is it demagogued? The argument for not privatizing even a portion of social security is that “people might risk their retirement savings on risky investments.” Yes, these stupid idiot people might go out there and invest their money in bad places. They might put their money in the stock market, “Oh no! And they might lose everything!” And they cite the most recent market crash they can think of. Well, excuse me, but isn’t Obama risking everybody’s retirement savings when he gives our money to green energy boondoggles?